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GAG Immobilien AGHAM:GWK3 +2.90%68 Return-on-Tangible-Asset is 0.93% as of Dec. 2025, which is 27% below its 10-year median of 1.28. GuruFocus rates HAM:GWK3 with a GF Score™ of 68/100 and a GF Value™ of €54.81 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,801 Real Estate companies, GAG Immobilien AG ranks worse than 57.8% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. GAG Immobilien AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €35.0 Mil. GAG Immobilien AG's average total tangible assets for the quarter that ended in Dec. 2025 was €3,746.7 Mil. Therefore, GAG Immobilien AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 0.93%.
The historical rank and industry rank for GAG Immobilien AG's Return-on-Tangible-Asset or its related term are showing as below:
HAM:GWK3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.54 Med: 1.28 Max: 2.42
Current: 0.93
During the past 13 years, GAG Immobilien AG's highest Return-on-Tangible-Asset was 2.42%. The lowest was 0.54%. And the median was 1.28%.
HAM:GWK3's Return-on-Tangible-Asset is ranked worse than 57.8% of 1801
companies
in the Real Estate industry
Industry Median: 1.86
vs HAM:GWK3: 0.93
GAG Immobilien AG (HAM:GWK3) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
GAG Immobilien AG Return-on-Tangible-Asset Related Terms
GAG Immobilien AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for GAG Immobilien AG's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:GWK3 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, GAG Immobilien AG's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GAG Immobilien AG Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GAG Immobilien AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where GAG Immobilien AG's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is one times the annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 0.93% mean?
GAG Immobilien AG (HAM:GWK3) has a Return-on-Tangible-Asset of 0.93% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on GAG Immobilien AG and its competitors. This is 27% below median its historical median of 1.28. Over the past decade, GAG Immobilien AG's Return-on-Tangible-Asset has ranged from 0.54 to 2.42. According to the industry distribution chart, GAG Immobilien AG ranks #1041 out of 1801 companies in the Real Estate industry, placing it in the top 57.8%.
Is GAG Immobilien AG's Return-on-Tangible-Asset too high?
GAG Immobilien AG's current Return-on-Tangible-Asset of 0.93% is 27% below median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 2.42. The Real Estate industry median Return-on-Tangible-Asset is 1.86. GAG Immobilien AG's value of 0.93% is 50% below this industry median. Based on the distribution chart, GAG Immobilien AG ranks #1041 out of 1801 companies in the Real Estate industry, which is below the industry midpoint. Overall, GAG Immobilien AG has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GAG Immobilien AG's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GAG Immobilien AG ranks #1041 out of 1801 companies for Return-on-Tangible-Asset. This places GAG Immobilien AG in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.86. GAG Immobilien AG's value of 0.93% is 50% below this benchmark. Historically, GAG Immobilien AG's own Return-on-Tangible-Asset has ranged from 0.54 to 2.42 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.86, GAG Immobilien AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.86, based on 1,801 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GAG Immobilien AG's current Return-on-Tangible-Asset of 0.93% is 50% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on GAG Immobilien AG and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAG Immobilien AG's current Return-on-Tangible-Asset is 0.93%, which is 27% below median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAG Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, GAG Immobilien AG (HAM:GWK3) is currently considered Modestly Undervalued. The stock's GF Value™ is €54.81, compared to a current price of €49.60 — trading 9.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.93%, which is 27% below median its 10-year median of 1.28 and 50% below the Real Estate industry median of 1.86. GAG Immobilien AG's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For GAG Immobilien AG (HAM:GWK3), the current Return-on-Tangible-Asset is 0.93% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is GAG Immobilien AG (HAM:GWK3) Overvalued in 2026?
Based on GuruFocus' analysis, GAG Immobilien AG stock appears to be undervalued.
The current stock price of €49.60 is trading 9.5% below its estimated GF Value™ of €54.81.
GuruFocus considers GAG Immobilien AG to be Modestly Undervalued.
Key valuation signals for HAM:GWK3:
Return-on-Tangible-Asset: 0.93% (27% below median its 10-year median of 1.28)
GF Value™: €54.81 vs. price of €49.60 (9.5% below fair value)
Industry Position: 50% below the Real Estate median (#1041 of 1801)
No single metric tells the full story. See the HAM:GWK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GAG Immobilien AG is a Germany based provider of real-estate services and consultation in the city of Cologne. The company operates as a landlord, and is focused on the business of Leasing, Selling and Managing properties. In the leasing business, the company focuses on leasing the properties it owns. The organization apart from being involved in the provision of leasing services, also sells homes, condominiums, flats and buildings. In the Managing business, the entity undertakes the management and administration of third-party apartments for their owners or owner associations.
68GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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